Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8544. (Read 26709645 times)

Anybody follow @satoshi_babe on Twitter?

Well worth a wank look!

https://twitter.com/satoshi_babe

Steal money from "professional" traders?

Lawl. What a joke.

Bitcoin traders are basically gamblers who are aren't smart enough to realize that it's the exchanges who make the money. Those with deep enough pockets to manipulate the market may be able to earn short-term more than exchange fees and fiat transfer costs but the real gains are made by long-term growth.

Giving your bitcoins to an exchange to hold for you is just plain stupid. Not your keys, not your coins. The prudent investor avoids the internet, "wallets", passwords, etc. Do you understand dual-key cryptography? Simply  protect your private keys. Don't put all your eggs in one basket. When the day comes that your coins are worth many times what they're worth now, you'll be glad to be able to sweep small addresses.

What about all the people who bought Bitcoin 2 years ago? How much did they earn as of now?

Those who paid over $30 in 2011 would have been way down when it was worth barely $5 in 2012. Those who paid over $1000 in 2013 would have been way down when it fell below $200 in 2015.

The smart people are the ones with the foresight to hold on to the coins they had while prices fell, and accumulate even more coins while they were cheap.

Even at the rock bottom price of $3.2k a year ago, those who bought for $1000 were doing pretty well. Those who stocked up at $5 or $30, or $200 are more than pleased with their investments.

When bitcoins are valued in 6 digits, these 4 digit prices will be seen as a bargain.

hahahahaha

Your partial savior of one of our otherwise potentially lost-puppy WO peeps, namely xhomerx10, might have off-set a decent amount of your misleading bullshit posts over the years involving pumpenings of BIG blocks, attempts to overthrow bitcoin and your bullshit attempts to assert that Bcash SV has some kind of honest and/or redeeming value... which even you cannot really believe your own bullshit in that direction.. as somac had pointed out to you.... yeah right...  


Anywhoooo, ...thanks for saving (even if only partially and inadvertently) xhomerx10... I had been starting to kind of grow fond of the guy.. and not sure what I personally would have done without him.. too many ways to list .......      

Wow. Didn't realize the concrete benefit thereof. Kinda warms the heart...

...though it kinda makes one wonder if perhaps the proof-of-keys reveals Quadriga's theretofore hidden insolvency?

 Being a poor sod myself, I'm not holding out much hope.  If it weren't for JBreher giving me the heads up about Proof-of-keys day (January 3rd) I would certainly have lost much more than I did.  I believe the exchange was shut down less than 2 weeks after the proof-of-keys day.

Thanks xhomerx10...

I do wonder if any of the poor sods who lost out will ever get a penny, but you never know...

Quick personal story on how luck works.  I'm pretty sure other people will recognize the basic principle in play here.

Girl's car had been running on 3 cyl for a while, burnt exhaust valve on #3.  Bought a running parts car at auction, had been severely totalled in the ass end, spent my whole yuletide time off swapping in that motor.

Everything was great, ran strong, good mileage, happy girl.

Last weekend we had a show in a neighboring city, 250 Km drive, took that car, everything's great, good show, visit friends the next morning then drive back...about 1/3 of the way home #1 rod lets loose and grenades out the side of the block...

Bass player was still behind us a ways towing the gear, so we had peeps, get to thinking, we are broke down right by the exit to the town where the band that invited us lives.  Call them, sure no problem, dump it at his house, we have basic AAA so free 5 mile tow, his house is 4.8 miles.

Girl upgrades AAA for $40, gets you free 100 mile tow, his house to our house...95 miles.

This is how my luck works...massive kicks in nuts, but you get a cookie...

Just got the POS back on my pad, I'm ready to be rich now.

A deflationary currency in an inflationary economic model should increase in value infinitum.

A deflationary currency in an inflationary economic model should increase in value infinitum.

That's NOT what it means to be deflationary.
It is deflationary because the unit number is limited to 21 mil max issued and that number is already smaller and decreasing because of the losses (lost wallet, thrown away hard drive, etc.). Lost bitcoin is not being replaced. In time, total number of accessible units will be declining, hence deflationary.
However, right now it is still mildly inflationary. Currently, btc inflation is about 3.6% on a yearly basis, will drop to less than 1.8% in May.

Why Bitcoin would be indefinitely deflationary?   I don't understand.
It was deflationary only because its price and its market were growing. But now that almost everyone on earth has heard of it, there is no reason for growing and being deflationary anymore.

You sound a bit like a troll asking such a terse question, but for now, I will give you some benefit of the doubt, since I don't recognize your user name or having had posted in these here parts, previously.

In the short-term, we cannot always determine exactly BTC's price direction, and there is a bit of an inclination that BTC's price continues to move in the direction of the momentum that it already has until it no longer does.

Regarding BTC's medium to long term price, the pressure remains UP, and you can look at BTC price prediction models and information related to those price models which would include: 1) stock to flow, 2) four-year fractal, 3) metcalfe's law and networking effects pertaining to s-curve exponential adoption and 4) other similar models.  

If you do not understand the meaning of these models and you believe that they are purely theoretical, then likely you need to do more studying of bitcoin.  Surely there is a decent amount of truth that past performance of any asset does not guarantee future performance, and none of the price prediction models that I listed really rely on BTC's past performance, but past performance remains helpful to them in analyzing the models and where we are at in terms of those various price prediction models (looking at either time or price).

Do you have any other models or theories?  Do you believe that BTC prices are going down or going to stay flat in the coming 1-3 years?  How about 5 years?  What do you expect?

 I am frequently asserting that nothing is guaranteed, including bitcoin, but even if the price direction of bitcoin is far from guaranteed, there remains a decent amount of strong evidence that any person that takes bitcoin seriously and puts a bit of their assets into bitcoin, such as 1-10% of their investible assets are likely in a good starting place, even though individuals are going to vary in terms of some of their financial abilities or even assets that they might have available and able to invest in bitcoin.  

In any event, bitcoin seems to be a very asymmetric bet, towards the upside... so good luck to anyone who has NOT yet come around to understanding the asymmetric bet concept... you (lacking in understanding peeps) are going to need it (meaning luck).



True dat!!!   martyMC seems to have been engaging in a bit of a twisting of words, and maybe I should have restrained my lil selfie from taking the bait... I see that with some of his continued stupid-ass posts on the topic that do not really seem to add any value, just ask dumbass questions as if we were in 2011 when hardly anyone understood bitcoin, at all.    We are NO longer in those earlier days, so excuses for ignorance are NOT as acceptable... even though I do accept that there are genuinely a lot of people in the world who are quite susceptible to misinformation and disinformation regarding bitcoin because they do not know enough about the topic.